All Forum Posts by: Bryant Fong

You also need to look at the renters. Des Moines you might get an airport baggage handler. Seattle you might get an Amazon engineer. This will affect their ability to pay and also absorb future rent increases. And, which do you want to live next to? To be clear, the highest cash flow at least on paper is going to be the slummiest areas. That doesn't mean it's wrong, just know what you're getting into. Good luck.

Hypothetical scenario.

Property has 10k in income, but 15k in expenses (5k depreciation, 5k property tax, 5k mortgage interest).  Other properties DO have net income.

What happens?

a) Losses are deducted from all combined properties together?

b) Carryforward losses to next year?

c) Losses beyond "zero" are not deductible?

Thanks!